Business news from Ukraine

RIBAS HOTELS GROUP PLANS TO EXPAND NETWORK IN LVIV, KYIV, KHARKIV AND ODESA

The hotel operator Ribas Hotels Group (Odesa) has preliminary agreements with developers to expand the network of WOL apart-hotels by opening new facilities in Lviv, Kyiv, Kharkiv and Odesa in the next 2-3 years.
As Artur Lupashko, founder of Ribas Hotels Group, told Interfax-Ukraine, according to preliminary agreements with developers, WOL and WOL Black apart-hotels with a total area of more than 20,000 square meters will be implemented in Lviv.
“We also have preliminary agreements to launch WOL apart-hotels in Kyiv and Kharkiv in the next two or three years,” he said.
In addition, it is planned to carry out repair work in the Odesa complex of Aura apartments with the aim of launching an apart-hotel in 2023.
“In addition, two more projects in Kyiv, two projects in Lviv, projects in Uzhgorod, Poltava and Mykolaiv are at the stage of active negotiations with developers,” Lupashko shared his plans.
Ribas Hotels Group is also partnering with developer Asgard in the Duck’s Lake apartment project in Lviv, work on which will start this year.

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RIBAS HOTELS GROUP FROM ODESA PLANS TO BUILD HOTEL IN BUKOVEL

Ribas Hotels Group LLC (Odesa), the managing company of the national chain of three- and four-star hotel and restaurant complexes, has completed the acquisition of a hotel in Bukovel, Ivano-Frankivsk region, and plans to build a new one there by the end of 2019. “In December 2019, the managing company Ribas Hotels Group plans to open a new hotel in Bukovel. The facility is located in Polianytsia (162a Vyshni Street), next to ski lift No. 1,” the company’s press service told Interfax-Ukraine.
The new hotel will be built on the site of the previously acquired hotel facility, which has already been dismantled. The hotel will occupy 3,200 square meters; $4 million will be invested in the project, the company said. “The hotel will offer 45 rooms, and include a spacious restaurant with a terrace, co-working with panoramic mountain views. Before the blueprints were drawn up, we talked to pro skiers and snowboarders, so infrastructure for active tourists takes into account the smallest details… There will also be rooms for guests with disabilities,” General Director of Ribas Hotels Group Artur Lupashko said.
According to him, the swimming pool, Finnish saunas and Roman baths, spa tubs, a massage parlor and a large spa area are almost ready.
As Lupashko earlier said, Ribas Hotels Group in 2019 plans to channel UAH 300 million in investors’ funds into the construction of new hotels. As of February 2019, it manages 25 hospitality facilities.
Ribas Hotels Group LLC (Odesa) was established in 2017.

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